Anderson County SC Real Estate Market Report 1-3-2016

18 Homes Sold in Anderson County

There were 13 homes in Anderson, 1 in Belton, 2 in Pendleton, 1 in Townville and 1 in Williamston reported sold this past week.

15 single family homes, 2 mobile homes and 1 “Other” were reported sold this past week in Anderson County.

The average price of the homes reported sold this week was $220,626.

The median price of the homes reported sold this week was $206,500.

The average days on market of the homes reported sold this past week was 126.

Remember this report is for only 18 homes and 1 week!

Because these statistics are for only one week and all of Anderson County, it may not tell you what is possible for a specific home. As always there may have been more closings but the agent has not turned in the closing sheet to the WUAR MLS yet.

This is only the basics of what happened last week in Anderson County real estate.

Least Expensive Home Reported Sold

The least expensive home reported sold this week was a 1397 SF 3 bedroom 2 bath house on less than 0.25 acres in the city limits of Anderson. It sold for $28,000 CASH after being on the market for 5 days. Originally hit the market at $22,000 so it appears there were multiple bids.

Located in the 29621 Zip Code and the Calhoun Elementary, McCants Middle, TL Hanna High school district per MLS listing.

Foreclosure. Limited details and the description does not tell you much. The pictures are so small it is hard to tell what the home is really like.

But as you see, it went under contract in 5 days and appears there were multiple bidders.

Will a super low price always overcome marketing of this caliber?

Maybe. It depends if the home is underpriced compared to it’s true market value or has a realistic low price. There is a difference…

Most Expensive Home Reported Sold

The most expensive home reported sold this week was a 6000 SF 6 bedroom 4.5 bath house on 0.87 acres in Anderson. It sold for $585,000 CASH after being on the market for 57 days. Originally hit the market at $649,900.

Located in the 29621 Zip Code and the North Pointe Elementary, McCants Middle, TL Hanna school district per MLS listing.

Waterfront Hartwell Lake home. Foreclosure. MLS listing says it is Green Zone with a dock in place yet there are NO pictures of the dock. There are pictures of the house and it is VERY nice.

Pretty much all the bells and whistles in a big house. Well worth the price even if I am not sure about the dock situation or how deep the water is in this location.

Sold Deal of the Week in Anderson County

The best deal in my opinion of the sold listings this week was a brick 2000 SF 2 bedroom 2 bath house on 1.25+/- acres in Anderson. It sold for $127,000 after being on the market for 15 days. Originally hit the market at $139,900 ( for this listing).

Located in the 29625 Zip Code and the Centerville Elementary, Lakeside Middle, Westside High school district per MLS listing.

Foreclosure. Waterfront Hartwell Lake home. This property is Green Zone but has a road running between the house and the lake. I did not select it as the deal of the week solely because of the lake frontage.

It is the size and price more than the lake frontage. A previous listing for this home did say it was approved for a dock in the past. No guarantees this is still true but nice to know. It is up in a cove and you may not be able to get a dock permit.

Something else to consider is there is no heat or air and the roof looks iffy.

Foreclosures and Short Sales

4 of the homes reported sold this past week was a foreclosure.

None of the homes reported sold this past week was a short sale.

Today there are 48 foreclosed homes for sale in Anderson County.

Today there are 15 homes listed as a short sale in Anderson County.

Inventory and Absorption Rate

Today there are 1081 homes for sale in Anderson County.

If homes in Anderson County continue to sell at the same pace and no more homes hit the market, it will take 420 days to sell all of the available homes. This statistic is for all homes in Anderson County and based only on this week’s activity.

New Listings in Anderson County

There were 23 new listings to hit the MLS this week in Anderson County.

This Week’s Hot New Listing

The best deal of this week’s new listings in my opinion is a brick 2500+/- SF 3 bedroom 2 bqth house on less than an acre in the city limits of Anderson.

Hit the market at $140,600.

Located in the 29621 Zip Code and the Concord Elementary, McCants Middle and TL Hanna High school district per MLS listing.

Foreclosure and needs some work. The first thing to look at is the roof as it looks iffy. Then there is NO mention of how it is heated or cooled.

The listing says it is built on crawl space but the pictures show windows for a lower level. Sad how some of these online auction companies don’t really know what they are selling…

It is the location, size and price that moved this home to the top of the list for me. County records have it as being over 2600 SF.

Looking Forward

14 homes were reported as going under contract (Pending) this week in Anderson County.

Currently there are 159 homes in the MLS with an Under Contract (Pending) status.

The Fine Print:

This report covers what happened for the week ending 1-3-2015 and is based on information from the Western Upstate Multiple Listing Service for the period 12-27-2015 through 1-3-2016. All of this data is from the Western Upstate Association of REALTORS® Multiple Listing Service.

Depending on the home/location/price range, this may not tell you what is possible or realistic for a specific home! It could be better or worse!

Because these statistics are for only one week and all of Anderson County, it does not tell you everything you need to know to make an informed decision!

If you have questions about buying or selling a property in Anderson County please contact me!